Chapter 10
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Bankruptcy | Legal process for selling most of a consumer's property to help satisfy debits that he or she cannot pay in exchange for the debt obligations
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| Collateral | Property pledged to back a loan
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| Cosign a Loan | A contractual agreement to pay a debt if the borrower does not pay it
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| Credit | Ability to borrow money in return for a promises of future repayment
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| Credit Bureau | Company that collects information about your credit history and sells it to lenders
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| Credit Rating | A measure of your creditworthiness, often computed as numerical score, using the FICO scoring system to analyze your credit history
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| finance Charge | The total amount a borrower must pay for a loan
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| Installment Loan | A loan to be repaid in a certain number of payments with a certain interest rate
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| Secured Loan | A loan backed by something of value pledged to ensure payment
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| Unsecured Loan | A loan not backed by any collateral
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Ortizj41
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